![]() ![]() In an employee friendly move, Southwest Airlines announced that it will pay $620 million to its employees as part of its 2015 profit sharing plan. The rating upgradation is a major positive for Delta given that it has significantly been reducing its debt levels over the past few years.Ģ. More good news flowed in at Delta with the Moody's Investors Service upgrading the Atlanta, GA-based carrier's debt rating to Baa3, an investment grade level. In 2015, employees of the carrier earned in excess of $94 million under the shared rewards scheme. The company stated that it has paid $4.1 billion to employees in profit sharing and shared rewards (monthly bonus for operational excellence) during the past five years. The payout means that employees are getting in excess of 21% of their 2015 annual earnings. This is the sixth consecutive year where the carrier has shared profits with its employees. Delta Air Lines, which witnessed an outstanding 2015 recording a whopping $5.9 billion in pre-tax profit (on an adjusted basis) - thanks to low oil prices, rewarded its employees by shelling out $1.5 billion as part of its profit sharing scheme. Recap of the Past Week's Most Important Storiesġ. carriers as it removes the hurdles for resumption of scheduled air services with Cuba, a favorite tourist spot, after more than 5 decades. ![]() Furthermore, the finalization of the bilateral air service arrangement between U.S. Traffic at regional carrier Republic Airways Holdings ( RJET ) meanwhile fell 12% with block hours (a measure of aircraft utilization) witnessing a reduction of 19%. However, Latin-American carrier GOL Linhas ( GOL ) continued to disappoint with key metrics like traffic and load factor (% of seats filled by passengers) declining in January due to weakness on the international as well as domestic fronts. ![]() ( JBLU ) impressed investors with solid numbers for the month of January. On the traffic front, JetBlue Airways Corp. Low-cost carrier Southwest Airlines ( LUV ) was another newsmaker on the profit sharing front as it announced a sum of $620 million in this regard. The current payout marks the highest made in the history of corporate profit sharing programs. The past week saw airline behemoth, Delta Air Lines ( DAL ), shelling out $1.5 billion to its employees as part of its profit-sharing plan for 2015. Here are highlights from Wednesday's Analyst Blog:Īirline Stock Roundup: Delta Employees Win Share, JetBlue Traffic Strong ![]()
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